How Rich Is Nick Saban? Fortune 2022
Nick Saban is an American college football head coach who has a net worth of $60 million. Saban is the highest paid college football coach in the world and his salary lives up to his reputation. With base salary and bonuses, he makes over $10 million a year. Countless critics consider Nick Saban to be the greatest college football coach in history, and he’s accomplished incredible things throughout his career. In addition to a strong record, Saban is one of only two coaches to win the SEC championship with different schools. He is often compared to Bear Bryant, another legendary college football coach.
In June 2014, Saban signed a contract extension with Alabama, keeping him at the school through 2022. The total value of the restructured contract was $55.2 million. The contract also stipulated that even if Alabama were fired, he would still have to pay $23 million. His base salary averaged $6.9 million over those eight seasons, a significant increase from his previous salary of $5.6 million per year.
With bonuses, he earned a salary of $11.5 million in 2017, making him the highest-paid coach in college football. This salary also makes Saban the highest-paid public employee in the entire state of Alabama.
Nick’s salary is so lucrative that he rivals NFL and NBA coaches in terms of gross earnings.
In June 2021, Nick signed a new 8-year contract with Alabama worth $70.6 million. His base salary under the new contract is $8.8 million.
Nick Saban was born on October 31, 1951 in Fairmont, West Virginia. He grew up with his sister in the small town of Monongah and eventually attended West Virginia State University. There he played in the championship team. He then attended Kent State University, where he earned a bachelor’s degree in economics before earning a master’s degree in sports administration in 1975. While attending Kent State University, Nick Saban played defensive back for the football team and was mentored by coach Don James.
Nick Saban began his career as an assistant coach at Syracuse University, West Virginia University, Ohio State University, the Naval Academy and Michigan State University. During this time, which lasted from 1977 to 1987, Saban was able to gain valuable experience. His long-term goal was to return to Kent State as the new head coach, but Dick Crum was hired instead.
After a brief stint as an assistant coach with the Houston Oilers of the NFL, Saban was offered the position of head coach at the University of Toledo in 1989. The team was immediately transformed under Nick’s leadership, losing just two games during the 1990 season.
After just one season at Toledo, Saban resigned to take up a position as defensive coordinator with the Cleveland Browns. Though he stayed in that role for the next four years, Nick Saban later regretted his decision, explaining that it was one of the worst periods of his entire career.
Just prior to the 1995 season, Saban became Michigan State University’s new head coach. After some difficult seasons, he gradually improved the Spartans and led them to a strong 1999 with just two losses. After a successful final season at Michigan State University, Nick Saban moved to LSU. In the five years he coached the Tigers, he led them to a BCS National Championship.
In 2004, Nick Saban returned to the NFL as the new head coach of the Miami Dolphins. The team struggled in the first season and injuries made the second season even more disappointing. Rumors circulated that Saban was being considered for the post of Alabama State University head coach, and it soon became clear that Nick would return to college football.
In 2007, Saban officially began his tenure as head coach of the Crimson Tide. He led the team to a perfect second season with a record of 12-0 wins. The team made it to the SEC championship game, and Nick won multiple Coach of the Year awards. The Crimson Tide again finished the 2010 season unbeaten and also won the national championship. Over the next few years, the Crimson Tide earned a reputation for crushing teams completely. They won two consecutive national championships in 2012 and 2013.
Over the next few years, the Crimson Tide achieved top rankings and garnered a number of other championship titles. After a somewhat sluggish start in 2015, the team was once again in top form. In 2017, Saban won his first Sugar Bowl title. The 2019 season brought Alabama back to earth, suffering more than two losses for the first time since 2010 and failing to qualify for the College Football Playoffs.
Here is an overview of Nick Saban’s earnings during his contract period:
2017: $11.5 million
2018: $7.15 million
In 2007, Saban and his wife Terry bought a home in Tuscaloosa for around $2.9 million. In 2013, Saban sold his 8,700-square-foot estate to the Crimson Tide Foundation for $3.1 million. This was reportedly part of Saban’s agreement with the university, and he continued to live in the house after the sale.
This enabled the Crimson Tide Foundation to provide Saban with housing and pay property taxes and other fees. This is a relatively common practice, as the university had also similarly acquired Bear Bryant’s home years earlier.
Nick Burton has also bought real estate on Lake Burton in the North Georgia Mountains in the past. He acquired a property with 9,600 square meters of living space and 1.7 hectares of land. The property is surrounded by forest and is waterfront, with over 700 feet of lake frontage. In 2013, Saban sold this home at auction for nearly $11 million. After selling this property he didn’t have to move far away. At the time of the auction, Nick’s family already owned a second home on Lake Burton of similar value.
|Size:||5 ft 6 in (1.68 m)|
|Job:||American football coach, coach, actor|
|Nationality:||United States of America|